Buying a home is a huge step, especially for first-time homebuyers. It can be overwhelming and confusing, but fortunately, there are programs and professionals who can help make the process easier. In this blog, we’ll discuss first-time homebuyer programs and what you need to know as a new borrower.
Is there a first-time homebuyer program?
One common question first-time homebuyers ask: “Is there a first-time homebuyer program?” The answer is yes and no. While there is not specifically a “First Time Homebuyer Program” with specific benefits for this type of borrower, there are programs that are perfect for first-time homebuyers. These programs typically offer low down payments, great rates, and reduced mortgage insurance. So, as a first-time homebuyer, it’s important to explore your options and find a program that suits your needs.
Getting Pre-Qualified
The first step is simple: get pre-qualified! By getting pre-qualified, you know exactly what you can afford before you start shopping for homes. Your loan officer will begin the process of educating you on what to expect and what is needed for the mortgage loan process. Your real estate agent will want the letter we generate to show you are pre-qualified to include with your offer to the seller. This shows you are a serious buyer and have the financing lined up and are ready to get started with an accepted offer.
Get Pre-Qualified with Flanagan State Bank Mortgage Division!
We understand that as a new borrower, there is a lot to take in and learn. That’s why we make sure you know every step of the way what the next step is, and we provide you with a lot of information that will help educate you on the ins and outs of mortgages. We want you to understand the loan fully and feel confident in your decision.
It’s important to explore your options and find a program that suits your needs. Our Flanagan State Bank Mortgage Division is here to help make the process easier for you. Get pre-qualified so you know what you can afford and be sure to work with professionals who can guide you through the mortgage loan process. Contact one of our mortgage loan officers or apply online today!
Information provided is for information purposes only and does not in any way constitute a mortgage approval. All applicants must apply for a mortgage loan with a licensed/registered originator to determine their qualification status. Flanagan State Bank Mortgage Division is a Mortgage Lender serving 40 states and offers FHA, USDA, VA, and Conventional
